Dec 22, 2012 10:00am PST
you some of the figures. large cities produce 83% of economic output in the united states. the 30 largest cities in the u.s. account for half of all gdp. now, we're all in favor of good infrastructure until it comes time to pay for it. you say that some money can come from the private sector, but we've had some high-profile examples of public/private partnerships that have gone wrong. how do city governments make sure that city residents get what they pay for? >> i don't think there's any simple answer to this. and by the way, one reason when he we might want a national infrastructure bank is not for the money but just to provide oversight and ombudsman so that you have somebody to go to when off project or regulator, an interlocutor perhaps. we should definitely allow private money. there is an additional problem, and richard probably knows more about this, about so-called eminent domain, where you can't just clear things out. in china, they used to at least just knock on your door and say you're moving, we're building here a road here. you have to move out of your parm tomorrow.
Dec 11, 2012 12:00am PST
't right you know? in other words, we've earned the right by and large g.e.'s relationship in china is good. we've been a good investor for a long time. we've taken a lot of heat here in new york city and washington, d.c. because we've stood tall as good, honest partner with the chinese. but what's also incumbent on you is when you've earned that position occasionally you have to speak up. and i did. >> rose: as you know, when you speak up about china people also say "look at general electric, this great american company. they're exporting jobs as well." >> we have jobs all over the world, right? so we are the second-biggest exporter behind boeing. we're a net exporter in every other country in the world. but we will sell more gas turbines -- we have a 50% market share of the large gas turbine market. we will sell more in algeria in the next three years than the united states. so what are we supposed to do? are we supposed to sit here and just say, oh, it's too hard? >> rose: and if you don't get the business somebody else will. >> somebody else is going to get it. we're down to the point a